In the Margins

Is fiduciary rule about to die?

June 15, 2018

By InvestmentNews

The Department of Labor fiduciary rule is teetering on the brink of death after the Justice Department, which was defending the rule in court, appears to have let a key deadline pass to keep the case alive. On March 15, the 5th Circuit Court of Appeals struck down the DOL fiduciary rule, which raises investment advice standards in retirement accounts, in a split 2-1 decision. The Department of Justice had until Wednesday to appeal to the Supreme Court for a hearing. Read the original story from InvestmentNews.

 

 

Most Read

Top of the Agenda - Governance
Fewer women, minorities among new fund directors

After years of making gains in filling fund board seats, women and individuals representing minority groups lost significant ground in the most recent two-year period measured ...

Top of the Agenda - Compensation
IDC: Fund director pay climbs again in 2024

Mutual fund independent directors earned more in 2024 than in the year prior, and the pace at which their compensation grew was also higher year-on-year, according ...